In its Q1 Global Demand Trends report, published today, the World Gold Council (WGC) described a strong quarter for gold demand. A sharp recovery in investor sentiment more than offset a fall in jewellery demand from key consumers. Looking ahead, we expect the weakness in demand in India and China to subside as temporary disruptions fade and consumers become more confident in the recent uplift in prices. What’s more, negative interest rates in many countries should attract additional demand from both investors and central banks. Overall, we remain confident in the medium-term prospects for prices.
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